8 Gull Island Lane, Nantucket, MA 02554

8 Gull Island Lane Nantucket MA 02554
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Owner Information
Owner 1
8 Gull Island LLC
Owner 2
Owner's Address
245 E 93Rd St APT 24D New York, NY 10128
Market Sale Information
Most recent sale date
10/14/2022
Previous sale date
01/29/2014
Transfer document #
C29000-
Previous transfer document
C0025111-0
Grantor
Mark D Forsyth
Previous grantor
Golden Pig LLC
Most recent sale price
$4,125,000.00
Previous sale price
$0.00
Site Information
Property ID
4243-95
Lot Size
0.11
Use Code
101 - Residential, single family
Zoning
ROH
Building Style
Antique
Number of Rooms
Stories
1.75
Number of Beds
3
Year Built
1740
Number of full baths
4
Condition
Number of half baths
Finished Area
2487
Number of Kitchen
1
Gross Living Area
3018
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Plastered
Floor type
Pine/Soft Wood
Solar Hot Water
No
Roof Structure
Gable/Hip
Heating type
Gas
Roof Cover
Asph/F Gls/Cmp
Heating fuel
Forced Air-Duc
Frame type
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2024
Land Value
$2,188,500.00
Total value
$3,933,900.00
Building value
$1,745,400.00
Estimated tax
$12,313.00
Yard improvement value
$0.00
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Certified Mass Appraisal
Comparable Properties
Mailing Labels $Valuation Report
  • Total Appraisal
  • Building Appraisal
  • Land Appraisal
  • Last Sale Price
  • Net Living Area
  • Number of Bedrooms
  • Lot Size
  • Year Built
Address 8 Gull Island Lane Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $1,658.62 Style Antique Age 1740 Rooms Bedrooms 3 Full baths 4 Half baths Gross Living Area 3018 Heating Fuel Forced Air-Duc Detached Garage Lot Size 0.11 Roof Cover Asph/F Gls/Cmp AEM Value - Building $1,745,400.00 AEM Value - Land $2,188,500.00 AEM Value - Other $0.00 AEM Value - Total $3,933,900.00
A) 45 West Chester Street 0.3 4/17/2024 $3,200,000 1,972 1.75 $1622.72 Conventional 1920 4 3 2581 Forced Air-Duc 0.14 Wood Shingle $1,072,400 $1,538,100 $0 $2,610,500
B) 24 Walsh Street 0.3 9/6/2024 $6,350,000 2,758 2.5 $2302.39 Antique 1840 5 5 1 3742 Forced Air-Duc 0.11 Wood Shingle $2,136,900 $2,197,500 $0 $4,334,400
C) 25 Willard Street 0.4 9/17/2024 $5,650,000 1,993 1.75 $2834.92 Conventional 1900 5 5 1 3808 None 0.46 Asph/F Gls/Cmp $1,052,700 $2,314,200 $0 $3,366,900
D) 17 Pleasant Street 0.5 7/5/2024 $3,715,000 2,100 1.75 $1769.05 Antique 1800 2 3 3657 Forced Air-Duc 0.09 Asph/F Gls/Cmp $1,462,200 $2,011,500 $0 $3,473,700
E) 1 Farmer Street 0.5 5/10/2024 $3,600,000 2,430 2 $1481.48 Antique 1850 3 3 1 3372 Hot Water 0.06 Asph/F Gls/Cmp $1,301,200 $1,122,500 $0 $2,423,700
F) 45 Fair Street 0.5 5/8/2024 $4,800,000 2,854 2 $1681.85 Custom Built 1983 4 4 1 3552 Hot Water 0.07 Wood Shingle $2,636,200 $1,213,000 $0 $3,849,200
G) 6 West Dover Street 0.7 7/18/2024 $2,130,000 2,321 2 $917.71 Antique 1890 4 1 3202 Hot Water 0.14 Asph/F Gls/Cmp $491,000 $1,109,500 $0 $1,600,500
H) 101 Orange Street 0.8 9/9/2024 $3,150,000 2,533 1.75 $1243.58 Antique 1825 4 3 1 4300 Hot Water 0.19 Wood Shingle $1,450,900 $1,018,100 $0 $2,469,000
I) 16 Back Street 0.8 8/29/2024 $3,295,000 2,946 1.75 $1118.47 Antique 1900 4 3 3339 Forced Air-Duc 0.12 Asph/F Gls/Cmp $1,400,300 $821,400 $0 $2,221,700
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 8 Gull Island Lane 10/14/2022 $4,125,000 0 Antique 2,487 0.11 3 4- -
  Criteria
A 45 West Chester Street 4/17/2024 $3,200,000 0.3 Conventional 1,972 0.14 4 3-
B 24 Walsh Street 9/6/2024 $6,350,000 0.3 Antique 2,758 0.11 5 5-1
C 25 Willard Street 9/17/2024 $5,650,000 0.4 Conventional 1,993 0.46 5 5-1
D 17 Pleasant Street 7/5/2024 $3,715,000 0.5 Antique 2,100 0.09 2 3-
E 1 Farmer Street 5/10/2024 $3,600,000 0.5 Antique 2,430 0.06 3 3-1
F 45 Fair Street 5/8/2024 $4,800,000 0.5 Custom Built 2,854 0.07 4 4-1
G 6 West Dover Street 7/18/2024 $2,130,000 0.7 Antique 2,321 0.14 4 1-
H 101 Orange Street 9/9/2024 $3,150,000 0.8 Antique 2,533 0.19 4 3-1
I 16 Back Street 8/29/2024 $3,295,000 0.8 Antique 2,946 0.12 4 3-
Averages 76 days $3,987,778 0.54 --- 2,434 0.15 --- ---  

Estimation of Market Value - $4,716,336

As of today, 09/27/2024, the estimated market value of 8 Gull Island Lane, Nantucket considering the above 9 comparable properties is $4,716,336.

 

In estimating the current market value, RealtyInSite follows the sales comparison (market) approach which is an approach based on the principles of supply and demand (principle of change) and the principle of substitution. The principle of substitution assumes that a prudent person will pay no more for a property than it would cost to purchase a comparable substitute property.

 

Comparable sales data are applied to arrive at an estimate of value. By default, comparable properties are those properties located within 1 mile of the subject property that have sold within the last 6 months and have a similar size of living area. The table shown above lists the comparable properties that were considered. Note that which properties are considered comparables can be adjusted by varying the selection criteria or deleting non-representative properties.

Neighboring Properties
Mailing Labels
  • Total Appraisal
  • Building Appraisal
  • Land Appraisal
  • Last Sale Price
  • Net Living Area
  • Number of Bedrooms
  • Lot Size
  • Year Built
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 8 Gull Island Lane 10/14/2022 $4,125,000 0 Antique 2,487 0.11 3 4- -
  Criteria
A 36-B Lily Street 2/14/2017 $2,900,000 0.0 Resid Barn 600 0.12 1 1-
B 6 Gull Island Lane 10/15/2019 $1,620,000 0.0 Antique 2,732 0.11 4 6-2
C 82 Center Street 3/17/2021 $1,525,000 0.0 Antique 1,542 0.11 4 4-
D 40 Lily Street 1/20/1989 $650,000 0.0 Antique 4,094 0.27 6 5-
E 80 Center Street 5/27/2016 $0 0.0 Restaurant 2,764 0.1 2 3-
F 36 Lily Street 2/10/2021 $2,250,000 0.0 Vacant Land 0.42 -
G 78 Center Street 11/22/2019 $4,450,000 0.0 B+B/Inn 4,463 0.13 10 10-1
H 7 Gull Island Lane 6/1/2009 $0 0.0 Antique 3,920 1.9 5 5-
I 32 Lily Street 6/17/1994 $548,000 0.0 Antique 2,486 0.14 4 4-
J 1 West Chester Street 9/12/2016 $1,795,000 0.0 Antique 2,024 0.12 4 2-1
K 28 Lily Street 10/10/2018 $3,895,000 0.0 Antique 3,896 0.51 5 4-2
L 5 Chester Street 1/4/2016 $1,600,000 0.0 Antique 2,088 0.1 4 2-1
M 8 Chester Street 1/18/2019 $2,550,000 0.0 B+B/Inn 3,058 0.07 5 8-
N 76-A Center Street 3/16/2022 $1,235,000 0.0 Condominium 716 0 1 1-
O 31 Lily Street 8/11/1999 $0 0.0 Antique 2,412 0.11 5 3-
P 65 Center Street 5/11/2021 $6,250,000 0.0 Colonial 3,339 0.11 5 4-3
Q 35 Lily Street 11/5/2021 $0 0.0 Antique 3,485 0.38 5 4-1
R 29 Lily Street 6/5/2015 $1,769,000 0.1 Antique 1,949 0.08 3 3-1
S 84 Center Street 4/16/2021 $3,925,000 0.1 Custom Built 2,601 0.07 4 3-1
T 7 West Chester Street 5/25/2023 $1,600,000 0.1 Conventional 788 0.06 2 1-
U 72 Center Street 3/28/2013 $0 0.1 Antique 2,456 0.07 3 3-1
V 6 Chester Street 2/5/2018 $0 0.1 Antique 2,616 0.11 4 4-
W 9 West Chester Street 11/8/2017 $2,000,000 0.1 Antique 3,301 0.1 6 6-1
X 67 Center Street 6/23/2017 $0 0.1 Antique 1,053 0.09 2 2-
Y 1 Chester Street 2/5/2021 $2,275,000 0.1 Antique 3,467 0.12 6 4-1
Z 6 West Chester Street 3/12/1997 $0 0.1 Cape Cod 1,040 0.34 2 1-1
- 70 Center Street 3/28/2013 $0 0.1 Antique 2,194 0.09 3 3-1
- 27 Lily Street 2/24/1988 $0 0.1 Antique 2,611 0.09 4 2-
- 61 Center Street 12/20/2021 $6,337,500 0.1 B+B/Inn 5,681 0.24 5 9-
- 6 Cliff Road 1/9/2009 $0 0.1 Antique 2,511 0.1 3 3-1
- 8 Cliff Road 6/1/2021 $1,115,000 0.1 Condominium 837 0 2 2-
- 8-C Cliff Road 6/27/2013 $620,000 0.1 Condominium 958 0 2 2-
- 8-D Cliff Road 11/22/2021 $1,550,000 0.1 Condominium 890 0 2 2-
- 8-E Cliff Road 7/30/1996 $300,000 0.1 Condominium 989 0 1 2-
- 8-F Cliff Road 2/24/2006 $750,000 0.1 Condominium 622 0 1 1-
- 8-A Cliff Road 4/3/2017 $993,800 0.1 Condominium 1,112 0 2 3-
- 8 West Chester Street 9/10/2021 $0 0.1 Antique 2,594 0.17 5 4-
- 68 Center Street 5/2/1994 $620,000 0.1 Antique 3,073 0.15 5 4-1
- 25 Lily Street 11/12/2008 $0 0.1 Antique 1,563 0.07 4 2-1
- 59 Center Street 3/31/2015 $105,000 0.1 Antique 2,506 0.17 5 3-1
- 2 Cliff Road 4/13/2012 $3,265,000 0.1 Antique 2,977 0.12 5 5-1
- 2 Kite Hill Lane 5/18/2020 $3,400,000 0.1 Antique 2,871 0.55 5 5-
- 10-B Cliff Road 1/3/2020 $5,300,000 0.1 B+B/Inn 4,744 0.09 5 18-1
- 10-A Cliff Road 10/1/2020 $1,000,000 0.1 Colonial 1,132 0.03 3 3-
- 4 Chester Street 12/7/2021 $0 0.1 Colonial 2,101 0.05 4 4-1
- 62 Center Street $0 0.1 Churches 19,137 0.76 0 2-
- 66 Center Street 7/30/2018 $3,550,000 0.1 B+B/Inn 5,630 0.15 6 10-
- 13 West Chester Street 10/12/2021 $0 0.1 Cape Cod 1,512 0.14 4 2-
- 57 Center Street 11/4/2004 $2,249,000 0.1 Antique 2,510 0.12 4 3-
- 20 West Chester Street 6/17/2024 $6,995,000 0.1 Custom Built 3,287 0.28 4 4-2
- 7 Academy Lane 6/2/2014 $5,992,500 0.1 Antique 4,014 0.48 6 6-
- 23 Lily Street 6/2/2004 $0 0.1 Antique 4,891 0.22 4 3-1
- 5 Kite Hill Lane 4/11/2016 $3,590,000 0.1 Colonial 2,914 0.31 4 5-1
- 55 Center Street 10/29/2003 $2,300,000 0.1 Antique 1,931 0.16 4 3-1
- 15 West Chester Street 6/4/1992 $0 0.1 Conventional 760 0.14 2 2-
- 5 Cliff Road 5/29/2003 $0 0.1 Antique 1,975 0.07 4 3-
- 22 Lily Street 12/21/2017 $1,850,000 0.1 Antique 2,769 0.91 5 4-
- 12 Cliff Road 8/4/2015 $0 0.1 Antique 4,387 0.09 7 7-
- 64 Center Street $0 0.1 Antique 2,872 0.14 3 1-1
- 1 Kite Hill Lane 9/5/2024 $2,925,000 0.1 Antique 893 0.05 2 2-1
- 13 Academy Lane 11/21/2022 $2,500,000 0.1 Cape Cod 1,775 0.12 2 2-
- 3 Cliff Road 3/26/2010 $805,000 0.1 Antique 4,203 0.12 5 4-1
- 28 North Water Street 10/1/2021 $2,515,000 0.1 Antique 2,462 0.1 4 3-
- 3 Kite Hill Lane 6/13/2011 $0 0.1 Antique 2,316 0.12 3 4-
- 7 Cliff Road 1/30/1997 $525,000 0.1 Colonial 4,309 0.16 4 3-
- 11 Academy Lane 12/6/2021 $0 0.1 Antique 2,994 0.15 5 2-
- 9 Cliff Road 9/9/2019 $3,900,000 0.1 B+B/Inn 5,278 0.17 5 9-
- 53 Center Street 10/15/2021 $4,950,000 0.1 Antique 4,269 0.15 5 2-1
- 2 Church Court $0 0.1 Colonial 3,686 0.15 3 4-1
- 24 West Chester Street 3/18/2005 $4,350,000 0.1 Cape Cod 3,529 1.12 3 3-
- 89 Easton Street 7/31/2023 $5,000,000 0.1 Antique 4,750 0.13 10 8-
- 26 North Water Street 5/8/2018 $4,000,000 0.1 B+B/Inn 5,455 0.13 5 9-
- 9 Academy Lane 10/1/1998 $0 0.1 Colonial 833 0.12 3 3-1
- 21 Lily Street 11/10/2021 $2,575,000 0.1 Antique 2,128 0.08 4 3-
- 4 North Avenue 12/17/2012 $0 0.1 Conventional 1,418 0.06 3 2-
- 15 Academy Lane 12/28/1999 $0 0.1 Colonial 1,769 0.07 3 2-1
- 11 Cliff Road 9/13/2017 $8,000,000 0.1 Antique 6,899 0.63 8 9-
- 51-B Center Street 10/15/2002 $985,000 0.1 Colonial 2,087 0.14 3 2-1
- 5 Academy Lane 3/31/2021 $0 0.1 Antique 1,578 0.06 3 2-
- 24 North Water Street 10/19/2020 $0 0.1 Antique 3,006 0.18 5 5-
- 16 Cliff Road 10/4/2018 $5,050,000 0.1 Antique 3,999 0.35 5 4-1
- 3 Academy Lane 5/8/2015 $0 0.1 Antique 2,312 0.11 5 4-1
- 13 Cliff Road 10/25/2019 $0 0.1 Antique 3,976 0.45 5 4-
- 60 Center Street 6/20/2013 $0 0.1 Antique 3,044 0.19 4 4-1
- 51 Center Street 11/15/1991 $720,000 0.1 Antique 3,556 0.26 5 4-
- 17 Academy Lane 8/2/2021 $2,250,000 0.1 Antique 1,318 0.05 3 3-
- 21 West Chester Street 7/1/2022 $5,411,000 0.1 Antique 2,483 0.14 4 4-1
- 49 Center Street 11/30/2004 $115,000 0.1 B+B/Inn 4,146 0.1 10 11-
- 2 Folger Lane 4/16/2015 $0 0.1 Bungalow 968 0.2 3 1-1
- 12 Westminster Street 6/12/2008 $0 0.1 Antique 2,905 0.12 5 3-
- 12 Academy Lane 12/18/2020 $2,100,000 0.1 Antique 1,792 0.1 4 3-
- 19 Lily Street 5/3/2004 $0 0.1 Antique 3,337 0.21 4 4-1
- 18 Lily Street 12/1/2023 $4,050,000 0.1 Colonial 3,370 0.18 5 5-1
- 8 Academy Lane 6/13/2000 $0 0.1 Antique 1,470 0.05 4 2-
- 10 Academy Lane 8/13/2016 $2,500,000 0.1 Antique 2,328 0.11 4 2-
- 58 Center Street 9/10/2020 $4,350,000 0.1 Custom Built 2,916 0.17 4 3-1
- 5 North Avenue 12/27/2006 $1,640,000 0.1 Antique 1,939 0.21 3 2-
- 47 Center Street 11/12/2014 $2,700,000 0.1 Antique 2,360 0.07 3 3-1
- 6 Kite Hill Lane 2/25/2022 $7,550,000 0.1 Colonial 4,498 0.29 5 4-1
- 5-A Step Lane Unit 5A 6/16/2016 $0 0.1 Condominium 1,620 0 2 2-
- 5-B Step Lane Unit 5B 9/21/2016 $0 0.1 Condominium 1,458 0 3 3-
- 15 Cliff Road 4/23/2021 $8,100,000 0.1 Custom Built 4,134 0.46 5 6-1
- 6 Academy Lane 12/31/2012 $0 0.1 Antique 1,722 0.05 2 2-
- 26 West Chester Street 8/7/2020 $0 0.1 Colonial 4,838 0.49 4 5-1
- 29 North Water Street 2/6/2008 $0 0.1 Hotel 4,488 0.37 6 -
- 17 Cliff Road 8/24/2022 $0 0.1 Antique 3,912 0.15 5 4-1
- 25 North Water Street 4/7/2023 $3,945,000 0.1 Antique 2,447 0.12 3 2-1
- 6 Folger Lane 10/28/2016 $0 0.1 Colonial 3,182 0.15 4 4-1
- 1 Academy Lane 3/6/2003 $2,287,500 0.1 Antique 4,116 0.13 5 4-1
- 8 Westminster Street 5/31/2011 $0 0.1 Antique 2,669 0.12 4 2-1
- 45 Center Street 8/7/1998 $0 0.1 Antique 3,179 0.1 5 4-
- 17 Gay Street 7/1/1997 $0 0.1 Antique 1,982 0.06 4 3-
- 4 Academy Lane 12/31/2012 $0 0.1 Antique 2,543 0.08 5 2-1
- 16 Lily Street 9/18/2012 $0 0.1 Antique 2,622 0.21 4 3-1
- 18 Cliff Road 9/22/2020 $5,100,000 0.1 Custom Built 4,337 0.18 5 5-1
- 23 North Water Street $0 0.1 Antique 2,912 0.13 3 2-1
- 15 Gay Street 2/10/1992 $425,000 0.1 Antique 2,067 0.06 3 2-
- 77 Easton Street 1/7/2012 $2,825,000 0.1 Hotel 37,937 1.27 36 43-
- 8 Folger Lane 10/15/2009 $2,325,000 0.1 Colonial 3,821 0.14 4 5-1
- 20 North Water Street 3/7/2019 $3,191,996 0.1 B+B/Inn 4,352 0.13 14 12-
- 9 North Avenue 2/28/2001 $850,000 0.1 Colonial 2,496 0.27 4 4-1
Averages 4105 days $1,696,159 0.08 --- 3,179 0.2 --- ---  
DISCLAIMER: The information in this report was collected from the concerned Assessors Office and Registry of Deeds.  Compu-Links disclaims any and all representations or warranties as to the accuracy of this information
4243 95 8 Gull Island Lane